深港通: it’s not a bus pass

Three days ago, Premier Li Keqiang announced that 2015 was the year in which the yuan could be freely traded within an experimental area in Shenzhen. This Two Meetings (两会) announcement followed his January trip to Shenzhen, when he stated that the Central Government (中央) required three things from Shenzhen:

1) to continue to cultivate the fields of experimentation (继续种好国家改革开放的试验田);

2) to lay the road of creative development (打造创新发展的道路);

3) to become a model of a city that can accommodate development (成为包容发展的示范城市). Continue reading